Any idea why PSU banks are extremely bullish from last couple of days? Leading the upmove in the market. Which makes it bit scary 
Low or no NPAs, better than expected profits, good future credit opportunities, big capex announcements from companies, government incentives for businesses, higher tax collections, higher government spend, good housing demand, retail loans increase etc etc.
Agreed but what changed suddenly in the last 2 days? Just market positioning?
As you know, price moves up or down before the actual events. So investors or traders or institutions are taking positions.
Books have been cleaned up in last 3-4 years. Many banks were put under PCA and now they are coming out of it.
Now they are ready for a fresh start to make new set of mistakes
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I guess yes, PSBs will be PSBs.
Or things could be different 
hahahaha…that’s the investor expectation
I read somewhere that former RBI governor Raghuram Rajan has said that the next round of NPAs will be Mudra Loans.
So yes, this time it will be different.
I don’t know if anyone has made big profits with PSBs over the course of years, like they did with private banks. But occasionally there comes a chance to make money here too, and it seems now is such a chance.
Make hay while the sun shines.
One can make money in number of ways in the market. Following a trend/herd, riding the momentum too will make money, only caveat is to know when to get off 
I have no knowledge of financial sector, just saying generally 
PSU banks on fire.
Nice catch guys
Although there are legitimate fears about USDINR depreciation which affects financials esp PSBs, Canara bank’s results and the outlook towards credit growth and capex is keeping the momentum going in PSBs …
Currently nearing 3 year highs
Bumper result by SBI - nearly 14k crore quarterly profit. Beat on all parameters 
SBIN results were good.
i am amazed by yes bank share move.
ATM card crisis at PSU banks. I had 3 ATMs from PNB, BOI and CBoI. Coincidently all of them expired around same time in October/November. I applied for new ones and it’s taking 30-40 days to get the cards. Earlier it just took a week.
Or maybe they just don’t care
I wrote to BOI customer care and they replied that it’s because of global chip shortage.
I then Googled to cross check and found some news articles. Reading those the customer care response seems correct
Probably.
Aren’t banks issuing digital credit cards? I think Paytm offers one.